Imperial Brands (IMB) Receives “Conviction-Buy” Rating from Goldman Sachs Group
Goldman Sachs Group reissued their conviction-buy rating on shares of Imperial Brands (LON:IMB) in a report published on Wednesday. Goldman Sachs Group currently has a GBX 3,670 ($51.46) target price on the stock.
A number of other research firms have also weighed in on IMB. Citigroup reissued a neutral rating on shares of Imperial Brands in a research report on Tuesday, January 16th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 3,230 ($45.29) price objective on shares of Imperial Brands in a research report on Friday, October 20th. Royal Bank of Canada reissued an outperform rating and issued a GBX 3,400 ($47.67) price objective on shares of Imperial Brands in a research report on Wednesday, November 29th. Jefferies Group reissued a buy rating and issued a GBX 3,600 ($50.48) price objective on shares of Imperial Brands in a research report on Friday, November 17th. Finally, UBS Group set a GBX 3,140 ($44.03) price objective on shares of Imperial Brands and gave the stock a neutral rating in a research report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 3,868.24 ($54.24).
Imperial Brands (LON IMB) opened at GBX 2,712 ($38.03) on Wednesday. Imperial Brands has a 1-year low of GBX 2,673.50 ($37.49) and a 1-year high of GBX 3,956.50 ($55.48). The company has a market cap of $26,310.00 and a PE ratio of 1,844.90.
In other news, insider Mark Williamson bought 7,876 shares of the stock in a transaction on Tuesday, December 19th. The stock was bought at an average cost of GBX 3,149 ($44.15) per share, for a total transaction of £248,015.24 ($347,749.92).
WARNING: This story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/02/08/imperial-brands-imb-receives-conviction-buy-rating-from-goldman-sachs-group.html.
Imperial Brands Company Profile
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.
Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.